ConsenSys has played a pivotal role in the development of blockchain technology. Founder, Joseph Lubin has extensive experience of blockchain development and was crucial to the evolution of decentralized finance (DeFi). ConsenSys has founded many successful applications, including the popular MetaMask extension. Also, ConsenSys offers auditing with ConsenSys Diligence and development services for enterprises through ConsenSys Codefi. The company is incredibly influential in the blockchain industry. As such, it has developed a strong reputation for developing innovative tools and applications for enterprise from design to deployment.
In recent weeks, we have witnessed a huge surge in the participation and total value locked (TVL) in decentralized finance (DeFi). In particular, projects within the Binance ecosystem have seen a massive spike in users and popularity. Launched on Binance Smart Chain (BSC) in September 2020, BurgerSwap is a democratized automated market maker (AMM) built on Binance Smart Chain (BSC) with Binance Smart Chain MetaMask utility. It has since become a popular decentralized exchange (DEX) for cross-chain token swaps. Users of the BurgerSwap platform can swap between BEP-20 and ERC-20 tokens without friction. Also, the BURGER token allows users to participate in governance and earn BurgerSwap token (BURGER) mining rewards! Furthermore, this is achieved in a way that is familiar to users of popular DEXs such as Uniswap.
The number of decentralized applications (dApps) is growing every day. The frequent increase in users of dApps has incentivized developers to create solutions that allow web applications to communicate easier with blockchains. One one example of this - and the topic of this article - is MetaMask. MetaMask is an add-on or an extension for several web browsers such as Google Chrome, Edge, and Firefox. The function of MetaMask is to make it easier for web applications to connect with the Ethereum blockchain. Moreover, MetaMask is an easy way to set up an Ethereum-based cryptocurrency wallet, such as for ERC-20 tokens, simply by using the MetaMask browser extension.